IBC bank offers Individual Retirement Accounts. Individual Retirement Accounts are designed to help save for the future while enjoying tax benefits along the way. There are three types of IRAs to choose from. With a Regular IRA customers can deduct from their current year's taxable income and benefit from a variety of investment options. With the Roth IRA customers can invest and then enjoy tax-free earnings from growth, dividends and interest from the age of 59½. By contributing to an Educational IRA customers can help build a family member's college fund with tax-free earnings. Minimum amount required to open an IRA is $50.00.